| Updated: January 22, 2025In the sphere of online forex trading, e-wallet payments have become a staple, with Skrill being one of the most popular options. Skrill transactions offer a convenient and efficient way to manage deposits and withdrawals, making it an ideal choice for traders. With Skrill, you can easily fund your trading account and withdraw your earnings, while enjoying a seamless and secure experience.
Below you can find a list with Forex brokers that accept Skrill:
Top 8 Forex Brokers with Skrill
-
Fusion Markets
- Australia regulated broker
- MT4, MT5, TradingView, Ctrader
- Leverage up to 500
-
Global Prime
- Australia regulated broker
- Advanced MT4
- $0 Minimum Account Size
-
FxPro
- NDD broker offering deep liquidity and ultra-fast execution
- Over 99% instant order executions with no requotes
- Supports MT4, MT5, cTrader, and a proprietary platform
-
Axi
- Raw spreads start from 0.0 pips
- Offers order execution faster than standard ECN model
- Axi Select Funded Trader Program offers funding up to $1 million
Trading Instruments- Forex
- Stocks
- IPOs
- Indices
- Commodities
- Cryptocurrencies
-
FP Markets
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading Instruments- Forex CFDs
- Shares CFDs
- Metals CFDs
- Commodities CFDs
- Indices CFDs
- Crypto CFDs
- ETF CFDs
-
IC Markets
- Offers 2,200+ tradable markets, including 61 currency pairs
- Leverage of up to 1:1000 in select jurisdictions
- EUR/USD spreads from 0.8 pips for standard accounts
Trading Instruments- CFDs on Forex
- Commodities
- Index
- Bond
- Cryptocurrencies
- Stock
- Futures
-
BlackBull Markets
- Broker boasting lightning-fast execution speed
- ECN brokers with tight spreads from 0.0 pips
- $0 minimum deposit requirement
Trading Instruments- Forex
- Commodities
- Futures
- Indices
- Stocks
- Cryptocurrencies
-
XM Group
- XM provides great trading experiences using MetaTrader 4 and MetaTrader 5, which are improved by personalized features.
- Zero commission accounts are available
- Top-tier regulation from CySEC, ASIC, FSC, and DFSA oversee XM's operations, assuring transparency and client safety.
Trading Instruments- Forex
- Stocks
- Indices
- Commodities
- Thematic Indices
Brokers Compared by Spread
| Brand | Commission per lot | |
|---|---|---|
| Fusion Markets | 0.93 avg (Classic) | $0 Classic Account, $4.50 round turn on Zero Account |
| Global Prime | 0.96 avg (Standard) | $0 Standard Accounts; $7 round turn on Raw Accounts |
| FxPro | 0.25 | $0 on Standard Account; $3.5 per side on Raw+ and Elite Accounts |
| Axi | 1.2 | $0 on Standard Account; $7 round trip on Pro Account |
| FP Markets | 1.1 | $0 Standard Account; $6 round turn on Pro Account |
| IC Markets | 0.8 | $0 Standard MT; $6 round turn on Raw cTrader; $7 round turn on Raw MT |
| BlackBull Markets | 0.1 | $0 Standard; $6 per lot Prime; $4 per lot Institutional |
| XM Group | 0.8 | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account |
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| Fusion Markets |  |
$0 |
| Global Prime | |
$0 |
| FxPro | |
$100 |
| Axi |  |
$0 |
| FP Markets | |
$50 (AU$100) |
| IC Markets | |
$200 |
| BlackBull Markets | |
$0 (Standard)$2,000 (Prime)$20,000 (Institutional) |
| XM Group | |
$5 |
Forex Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| Fusion Markets | |
1:30 (1:500 for forex and metals via VFSC) |
| Global Prime | |
1:500 (1:30 for ASIC entity) |
| FxPro | |
1:30 |
| Axi | |
1:30 |
| FP Markets | |
1:30 |
| IC Markets | |
1:30 |
| BlackBull Markets | |
1:500 |
| XM Group | |
1:30 |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| Fusion Markets | |
80+ |
| Global Prime | |
56 |
| FxPro | |
70+ |
| Axi | |
80 |
| FP Markets | |
70+ |
| IC Markets | |
61 |
| BlackBull Markets | |
70+ |
| XM Group | |
50+ |
Comprehensive Comparison the Best Forex Brokers with Skrill
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$0 |
|
0.93 avg (Classic) |
|
|
 |
$0 |
|
0.96 avg (Standard) |
|
|
 |
$100 |
|
0.25 |
|
|
 |
$0 |
|
1.2 |
|
|
 |
$50 (AU$100) |
|
1.1 |
|
|
 |
$200 |
|
0.8 |
|
|
 |
$0 (Standard)$2,000 (Prime)$20,000 (Institutional) |
|
0.1 |
|
|
 |
$5 |
|
0.8 |
|
Is Skrill a Viable Option for Deposits and Withdrawals at Forex Brokers?
Skrill is an e-wallet that enables users to arrange online payments quickly and securely. It’s an excellent option for forex traders thanks to its speed, security, and convenience. With Skrill, you can trade forex online with a range of deposit options, keeping your financial details private every time you pay. The Skrill app also enables you to trade forex on the go, giving you the flexibility to react to market changes anytime, anywhere. Additionally, the Skrill VIP program offers lower fees, 24/7 support, and other extra benefits, turning it into an attractive choice for traders.
To get started with Skrill, you’ll need to create an account, which takes just a few minutes. This allows you to bring all your payment details together in one place, facilitating the process of managing your funds. You can then upload funds quickly to your Skrill wallet using bank accounts, cards, or prepaid vouchers. This means you’ll never miss a trade, as you can instantly transfer funds to popular forex platforms. With a Skrill account, you’re always ready to react to the market quickly, moving funds instantly and efficiently.
How to Make a Deposit to a Trading Account with Skrill?
To fund your trading account via Skrill, follow these steps:
- Skrill Account Set-up: Navigate to the Skrill website and sign up for an account. An account verification process must be completed to ensure your account is secure and ready for use.
- Connect Your Bank Account or Card: Connect your bank account, credit, or debit card to your Skrill account. This will enable you to transfer funds from your bank account or card to your e-wallet.
- Add funds to Your Skrill Wallet: Transfer money from your linked bank account or card to your Skrill wallet. This will give you the necessary funds to deposit into your Forex trading account.
- Deposit into Your Forex Trading Account: Sign in to your Forex trading account and visit the deposit section. Pick Skrill as your payment method and type in the sum you would like to deposit. The transaction will be processed from your Skrill wallet to your Forex trading account.
How to Withdraw from a Trading Account with Skrill?
Follow the steps outlined below to withdraw from your trading account via Skrill:
- Access Your Forex Trading Account: Sign in to your Forex trading account and go to the withdrawal section. This is where you’ll initiate the withdrawal process.
- Pick Skrill to Withdraw Funds: From the list of available options, pick Skrill as a withdrawal method and specify the withdrawal amount. Make sure to enter the correct amount to avoid any errors.
- Transfer Funds to Your Skrill Wallet: Make a hassle-free transfer from your Forex trading account to your Skrill wallet. This process is usually quick and secure.
- Withdraw Funds from Your Skrill Account: Once the funds are in your digital wallet account, you can withdraw them using one of the following methods:
-
Transfer the funds to your linked bank account, credit, or debit card.
Use the Skrill Prepaid Mastercard to withdraw cash from an ATM.
Skrill Fees and Limits
Skrill charges fees for transactions, including deposits and withdrawals. These fees can vary based on the traders’ location and the brokers’ policy on payments. Here’s a breakdown of the typical fees associated with Skrill deposits and withdrawals:
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Deposit Fees:
- Cards: Diners Club, JCB, MasterCard, Visa: Fee: 0.00%*
- Bank Transfer: Fee: 0.00 % Free*
*As of July 22, 2024, Skrill has introduced a new minimum fee for all deposit methods. According to the revised Skrill Account Terms of Use, a minimum charge of €0.50 (or the equivalent amount in other currencies) will be applied to all deposits made to a Skrill account. - Paysafecard: Up to 5.00%
- Other payment methods: Fees vary depending on the payment method and location
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Withdrawal Fees:
- Neteller: 3.49%
- MasterCard, Visa: Up to 3.99%; Minimum fee of EUR 0.99
- Swift: Fee EUR 5.50
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Currency Conversion Fees:
If you’re depositing or withdrawing in a currency other than the one your Skrill account is denominated in, you’ll be charged a currency conversion fee of 3.99% above the wholesale exchange rate.
-
Service Fees:
To avoid incurring a service fee, it’s essential to regularly use your Skrill account. As long as you log in to your account or make a transaction at least once every 6 months, you won’t be charged any service fees.
However, if your account remains inactive for a period of 6 months or more, a monthly service fee of €5.00 (or the equivalent amount in other currencies) will be deducted from your account balance. This fee will be charged on a monthly basis until you reactivate your account by logging in or making a transaction.
The typical limits for Skrill deposits and withdrawals vary between brokers, but you can expect to find:
- Deposit minimums and maximums: These limits vary between brokers, but you can typically expect to find minimum deposit limits ranging from $10 to $100, and maximum deposit limits ranging from $10,000 to $50,000.
- Withdrawal minimums and maximums: Similarly, withdrawal limits vary between brokers, but you can typically expect to find minimum withdrawal limits ranging from $10 to $100, and maximum withdrawal limits ranging from $10,000 to $50,000.
Security of Skrill Transactions
Skrill takes the security of its users’ transactions very seriously, implementing a range of measures to protect against unauthorized access, fraud, and other security threats. Here are some of the key security features that Skrill has in place:
- Encryption:
Skrill uses advanced encryption technology to protect user data and transactions. This includes 128-bit SSL (Secure Socket Layer) encryption, which is the same level of encryption used by banks and other financial institutions. All data transmitted between Skrill’s servers and users’ browsers is encrypted, making it difficult for hackers to intercept and read sensitive information. - Two-Factor Authentication (2FA):
Skrill offers 2FA to enhance the security of user accounts. This requires users to enter a verification code sent to their mobile device or email address, in addition to their password, to access their account. 2FA makes it much harder for hackers to gain access to user accounts, even if they have obtained the user’s password. - Payment Card Industry Data Security Standard (PCI DSS) Compliance:
Skrill is compliant with the PCI DSS, which is a set of security standards designed to ensure that companies that handle credit card information maintain a secure environment for the protection of cardholder data.Skrill’s compliance with the PCI DSS ensures that user credit card information is handled and stored securely, reducing the risk of credit card fraud and other security threats.
- Anti-Money Laundering (AML) and Know-Your-Customer (KYC) Procedures:
Skrill has implemented AML and KYC procedures to prevent money laundering and other illicit activities. These procedures include verifying user identities, monitoring transactions for suspicious activity, and reporting any suspicious activity to the relevant authorities. - Regular Security Audits and Penetration Testing:
Skrill regularly conducts security audits and penetration testing to identify and address any security vulnerabilities. These tests are designed to simulate real-world attacks and help Skrill identify areas for improvement, ensuring that its security measures remain effective and up-to-date. - User Account Protection:
Skrill offers a range of features to help users protect their accounts, including:
- Password protection: Users can choose a strong password to protect their account, and Skrill will prompt them to change their password regularly.
- Account alerts: Users can set up account alerts to notify them of any suspicious activity on their account.
- Transaction limits: Users can set transaction limits to control how much money can be spent or transferred from their account.
- Regulatory Compliance:
- Skrill is regulated by the Financial Conduct Authority (FCA) in the UK and is compliant with relevant EU and UK regulations, including the Payment Services Directive (PSD2) and the General Data Protection Regulation (GDPR).
- Skrill’s regulatory compliance ensures that it operates in a transparent and secure manner and that user funds are protected.
Overall, Skrill’s security measures are designed to provide a safe and secure environment for users to make transactions and manage their accounts. By implementing advanced encryption, 2FA, and other security features, Skrill helps protect users against unauthorized access, fraud, and other security threats.
How to Find a Trustworthy Forex Broker Accepting Skrill Payments?
When searching for forex brokers accepting Skrill payments, consider the following factors:
- Broker regulation: Ensure the broker is regulated by a reputable authority, such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).
- Spreads, commissions, rollover fees, deposit and withdrawal fees, and inactivity fees: Look for brokers with competitive spreads, low commissions, and minimal fees.
- Trading Platforms: Consider the variety, quality, and features of the trading platforms offered by the broker.
- Account types and minimum deposits: Look for brokers that offer a range of account types and competitive minimum deposit requirements.
- Security measures: Ensure the broker has robust security measures in place, such as encryption and 2-FA authentication.
- Customer support: Look for brokers with responsive and knowledgeable customer support teams.
Frequently Asked Questions
Here are several frequently asked questions about Skrill transactions at forex brokers:
Is Skrill a secure payment method for forex trading?
Yes, Skrill is a secure payment method, thanks to its advanced encryption and 2-FA authentication.
How long do Skrill deposits and withdrawals take?
Skrill deposits are typically instant, while withdrawals can take anywhere from a few hours to a few days, depending on the broker’s policy.
Are there any fees associated with using Skrill for forex trading?
Yes, Skrill charges fees for transactions, including deposits and withdrawals. These fees can vary based on the traders’ location and the brokers’ policy on payments.
Can I use Skrill to trade forex on my mobile device?
Yes, Skrill has a mobile app that allows you to trade forex on the go, giving you the flexibility to react to market changes anytime, anywhere.
Is Skrill available in my country?
Skrill is available in many countries, but it’s essential to check their website to see if it’s available in your region.
Conclusion
In conclusion, Skrill is a popular and convenient payment method for forex traders, offering speed, security, and flexibility. By following the steps outlined above, you can easily deposit and withdraw funds from your trading account using Skrill. When searching for a trustworthy forex broker accepting Skrill payments, consider factors such as broker regulation, spreads, commissions, and security measures. With Skrill, you can trade forex online with confidence, knowing that your transactions are secure and your financial details are protected.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it's essential to rely on trustworthy sources. RationalFX, a company with over 17 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it's clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker's service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at [email protected] or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.